Private Client Services LLC Sells 580 Shares of Meta Platforms, Inc. $META

Key Points

• Private Client Services LLC reduced its stake in Meta Platforms by 28.1%, now holding 1,481 shares valued at approximately $1,093,000.
• Meta Platforms reported $7.14 earnings per share (EPS) for the recent quarter, exceeding analyst estimates by $1.39 and achieving a revenue of $47.52 billion.
• The company announced a quarterly dividend of $0.525, representing a 0.3% yield, payable to shareholders on September 29th.

Private Client Services LLC cut its stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 28.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,481 shares of the social networking company's stock after selling 580 shares during the period. Private Client Services LLC's holdings in Meta Platforms were worth $1,093,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Rowlandmiller & PARTNERS.ADV boosted its holdings in Meta Platforms by 1.5% in the 2nd quarter. Rowlandmiller & PARTNERS.ADV now owns 3,195 shares of the social networking company's stock valued at $2,358,000 after purchasing an additional 46 shares during the period. AG2R LA Mondiale Gestion D Actifs bought a new stake in Meta Platforms in the 1st quarter valued at $46,266,000. Rainier Family Wealth Inc. boosted its holdings in Meta Platforms by 4.7% in the 1st quarter. Rainier Family Wealth Inc. now owns 1,094 shares of the social networking company's stock valued at $631,000 after purchasing an additional 49 shares during the period. Voya Investment Management LLC boosted its holdings in Meta Platforms by 3.1% in the 1st quarter. Voya Investment Management LLC now owns 3,620,086 shares of the social networking company's stock valued at $2,085,387,000 after purchasing an additional 107,959 shares during the period. Finally, Guinness Asset Management LTD boosted its holdings in Meta Platforms by 5.3% in the 1st quarter. Guinness Asset Management LTD now owns 75,532 shares of the social networking company's stock valued at $43,533,000 after purchasing an additional 3,787 shares during the period. 79.91% of the stock is owned by institutional investors.

Meta Platforms Trading Up 0.6%

Shares of Meta Platforms stock opened at $755.59 on Friday. The stock has a market capitalization of $1.90 trillion, a P/E ratio of 27.36, a price-to-earnings-growth ratio of 1.55 and a beta of 1.24. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.15. The company has a 50-day simple moving average of $741.83 and a 200 day simple moving average of $661.92. Meta Platforms, Inc. has a 12-month low of $479.80 and a 12-month high of $796.25.

Meta Platforms (NASDAQ:META - Get Free Report) last announced its earnings results on Wednesday, July 30th. The social networking company reported $7.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.75 by $1.39. The business had revenue of $47.52 billion during the quarter, compared to analysts' expectations of $44.55 billion. Meta Platforms had a net margin of 39.99% and a return on equity of 39.33%. The firm's revenue for the quarter was up 21.6% on a year-over-year basis. During the same quarter last year, the company posted $5.16 EPS. Meta Platforms has set its Q3 2025 guidance at EPS. Research analysts expect that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Monday, September 22nd will be given a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 0.3%. The ex-dividend date is Monday, September 22nd. Meta Platforms's dividend payout ratio (DPR) is presently 7.60%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on META shares. Oppenheimer increased their price objective on shares of Meta Platforms from $775.00 to $870.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Robert W. Baird increased their price objective on shares of Meta Platforms from $635.00 to $740.00 and gave the company an "outperform" rating in a research note on Wednesday, July 2nd. JPMorgan Chase & Co. increased their price objective on shares of Meta Platforms from $795.00 to $875.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. Zacks Research cut shares of Meta Platforms from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 19th. Finally, Raymond James Financial increased their price objective on shares of Meta Platforms from $750.00 to $900.00 and gave the company a "strong-buy" rating in a research note on Thursday, July 31st. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $822.41.

Insider Activity at Meta Platforms

In other Meta Platforms news, COO Javier Olivan sold 517 shares of the firm's stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $755.65, for a total value of $390,671.05. Following the completion of the sale, the chief operating officer owned 11,577 shares in the company, valued at approximately $8,748,160.05. This trade represents a 4.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Jennifer Newstead sold 519 shares of the firm's stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $757.50, for a total transaction of $393,142.50. Following the completion of the sale, the insider owned 31,389 shares of the company's stock, valued at $23,777,167.50. The trade was a 1.63% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 283,280 shares of company stock worth $214,119,908. 13.61% of the stock is owned by insiders.

About Meta Platforms

Meta Platforms, Inc engages in the development of products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and wearables worldwide. It operates in two segments, Family of Apps and Reality Labs. The Family of Apps segment offers Facebook, which enables people to share, discuss, discover, and connect with interests; Instagram, a community for sharing photos, videos, and private messages, as well as feed, stories, reels, video, live, and shops; Messenger, a messaging application for people to connect with friends, family, communities, and businesses across platforms and devices through text, audio, and video calls; and WhatsApp, a messaging application that is used by people and businesses to communicate and transact privately.

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